Juncker proposes €1.135 billion post-Brexit budget

The European Commission proposed a post-Brexit seven-year budget. Subsequently the initiative of its president Jean-Claude Juncker will trigger arguments among member states over how to mend the hole in the pocket left by the UK exit from the bloc next year.

During the 2021-27 period the plan suggests to reduce farm subsidies by 5% and proposes new plastics tax.

We are proposing a #EUBudget of €1.135 billion in commitments over the period from 2021 to 2027, equivalent to 1.11% of the EU27's gross national income. Taking inflation into account, this would amount to €1.279 billion in commitments. pic.twitter.com/L0XlIiSx9m

It also introduces a new mechanism to penalize countries — notably from the former Soviet bloc — where governments increasingly disagree with a number of the EU rules, and policies, notably in dealing with migrant flows. The system of financial penalties, the experts say, could further fuel euroscepticism in the new member-states, especially concerned by the security situation caused by mass migration from countries with Islamic traditions.

New #EUbudget should be linked to #EUvalues.For too long, illiberal governments & their inner circles benefited the most from EU money,while rejecting democratic values.This money should instead go directly to programmes that benefit the people #RuleOfLawhttps://t.co/fL0IcYORYX